Enterprising Investor

What is really happening beneath the surface of private markets? In this episode of the Enterprising Investor, host Mike Wallberg, CFA, speaks with returning guest, Mark Higgins, CFA, author of Investing in US Financial History, and Leyla Kunimoto, founder of Accredited Investor Insights, about emerging stress in private credit and private equity. They explore investor outflows from semi-liquid funds, the mechanics and risks of NAV-based valuation, and the growing disconnect between market narratives and underlying realities. Drawing on both current market developments and historical cycles, Kunimoto and Higgins unpack what these trends could mean for liquidity, pricing, and investor outcomes. Whether you are an institutional allocator or an individual investor, this conversation offers a clear-eyed look at the risks and complexities shaping today's private markets. Listen now to gain timely insights and practical perspectives.

Creators and Guests

Host
Mike Wallberg, CFA
Financial services marketing executive by way of investment banking, stock analysis, institutional portfolio management, tv news production (CBC, Global), & content marketing. Award-winning journalist and host of CFA Institute’s flagship investment podcast, Enterprising Investor (top 10% of business podcasts globally). Add 10 yrs teaching Finance at night (CFA prep classes covering Economics, Equity Valuations, Risk Management, Derivatives / Alternative Investments, Portfolio Management) and an equity valuation course to students in SFU's Master of Financial Risk Management program.

What is Enterprising Investor?

Enterprising Investor is the flagship podcast of CFA Institute and the definitive program for the investment management industry. As stewards of the investment industry, Enterprising Investor will feature intimate conversations with some of the most influential people from the world of finance about the topics that matter most to investment professionals.